York Water (NASDAQ:YORW) Lowered to Sell Rating by Wall Street Zen

York Water (NASDAQ:YORW - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

York Water Price Performance

Shares of NASDAQ YORW opened at $32.25 on Friday. The firm has a 50-day simple moving average of $32.75 and a 200-day simple moving average of $32.96. The stock has a market capitalization of $464.33 million, a price-to-earnings ratio of 23.54 and a beta of 0.70. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 0.91. York Water has a 52 week low of $29.86 and a 52 week high of $41.96.

York Water (NASDAQ:YORW - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). York Water had a net margin of 25.91% and a return on equity of 8.56%. The business had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.00 million. On average, equities analysts predict that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On York Water

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC purchased a new position in York Water during the first quarter worth about $343,000. Jane Street Group LLC purchased a new position in York Water during the first quarter worth about $498,000. Zimmer Partners LP boosted its stake in York Water by 1.4% during the first quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider's stock worth $26,274,000 after buying an additional 10,680 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in York Water during the first quarter worth about $263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in York Water by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider's stock worth $398,000 after buying an additional 937 shares during the period. 49.86% of the stock is currently owned by institutional investors and hedge funds.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.

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